London Stock Exchange welcomes Hightown Praetorian & Churches Housing Association Ltd
London Stock Exchange today welcomed Tony Keen, Chair of Hightown Praetorian & Churches Housing Association Ltd, to open its UK Markets. This marks Hightown’s charity bond being listed on the London Stock Exchange’s Order Book for Retail Bonds through the Retail Charity Bonds platform.
The Hightown Bond is the second bond to be issued through the Retail Charity Bonds platform created by Allia, the charity that specialises in developing social investment opportunities, in association with global investment bank Canaccord Genuity. The bonds will be issued by Retail Charity Bonds plc and loaned to Hightown.
Hightown manages over 4,600 affordable homes as well as providing housing and support to people who are homeless or disabled. The retail charity bond offer for Hightown closed early having raised £27 million.
The funds will be used to support Hightown’s housing development programme, providing affordable homes across Hertfordshire, Buckinghamshire and Bedfordshire.
Hightown Chief Executive David Bogle said:
“We’re delighted the bond issue has been so successful and would like to thank the investors for their support for our work.”